KfW BEG funding stopped 261, 262, 263, 264, 461, 463, 464

2022-01-24 15:43:11

There are definitely solid reasons, when considering various situations, that it definitely makes sense NOT to build with immediate additional costs of 32k - therefore, this must always be considered individually.

Individually, for , it means he/she would not have received the subsidy. We are not talking about additional costs, but about a subsidy that would have landed in the account. It wouldn't even have directly gone into the loan.

2022-01-24 15:43:58

Signing the loan means your signature on a loan agreement? Because that one applies to the KfW loan as a contract from Commerzbank – they just get the money internally from KfW. Did you receive a copy of the contract directly?

Yes, I have received that. I have the contracts with me, and I should receive a written financing confirmation today or tomorrow that I can submit to the developer and the land seller.
And now suddenly this?!
Above all, we already had a KFW confirmation in November, and the Commerzbank delayed everything so much just to eventually give their approval.

2022-01-24 15:44:40

A clear NO. If T€ 32 is no longer possible in the financing, it means either:

- Too little equity used and therefore no more debt possible = weak creditworthiness for the project
- Household budget calculation so tight that €100 per month is no longer sustainable = weak creditworthiness for the project

==> both mean that the family is already taking on so much that it is almost no longer bearable.

Therefore, based on my experience, I maintain that T€ 32 should not overturn a house construction. Otherwise, you simply have gambled too high.

That is nonsense too.
Of course, an extra 32K during construction should not drive you into ruin; that's what buffers are for.
But 32K of "secured" extra costs cannot be planned from the buffer; you still need the buffer additionally for unforeseen expenses.
Therefore, it can already be the decisive difference in the decision pro/con construction.

2022-01-24 15:45:20

A clear NO. If €32k in financing is no longer possible, it means either:

- Too little equity used and therefore no more debt possible = weak creditworthiness for the project
- Household budget calculation is so tight that €100 per month is no longer bearable = weak creditworthiness for the project

==> both mean that the family is already committing itself so much that it is almost no longer bearable.

That is why I remain, also based on my experience, of the opinion that €32k must not overturn a house construction. Otherwise, you have simply gambled too high.

Even though I share the view that a large part of the mentioned construction projects are on the verge of affordability, it must not be neglected that at some point the project will simply no longer be feasible (some euro will virtually “break through” the feasibility limit). Not to be forgotten is also the obligation introduced—at least in BaWü—to install a photovoltaic system. Thus, it is not €32k that is missing, but €50k...

2022-01-24 15:46:48

Yes, I have received that. I have the contracts with me

You can only receive a KfW contract if Commerzbank also has the approval from KfW. Otherwise, Commerzbank now has a problem since signed loan agreements exist – signatures from the bank and customer. You then no longer need a financing confirmation. The loans are already confirmed through the contracts.

2022-01-24 15:49:42

We were about to finalize our own home as kfw40EE and wanted to sign with the home builder and the bank this week. Really badly messed up. If it really takes 4 months until something new comes, then this delay is too long for us. We actually chose 40EE only because we couldn’t meet the 55er deadline until the end of January. Now considering going back to 55 and saving the money that way.

That's how it is with us too. KfW55 without funding vs. waiting for KfW40 without knowing the amount of funding and other conditions/requirements. I already spoke with our general contractor earlier, who has a few connections in politics and whose lines have been buzzing this morning, apparently there are supposed to be completely new KfW programs.

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KfW BEG funding stopped 261, 262, 263, 264, 461, 463, 464

Benutzer200

Dhh.sarah

Gudeen.

Construbo

Benutzer200

Hannes34